ISL Football Tours Limited - Filleted accounts

Registered number

08867332

ISL Football Tours Limited

Filleted Accounts

31 March 2025

ISL Football Tours Limited
Registered number:		08867332
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		901			-

Current assets
Debtors	4	7,142			12,331
Cash at bank and in hand		24,687			75,807
		31,829			88,138

Creditors: amounts falling due within one year	5	(22,647)			(37,821)

Net current assets			9,182			50,317

Total assets less current liabilities			10,083			50,317

Creditors: amounts falling due after more than one year	6		(1,569)			(11,770)



Net assets			8,514			38,547

Capital and reserves
Called up share capital			100			100
Profit and loss account			8,414			38,447

Shareholders' funds			8,514			38,547

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Stuart Harold Wallis
Director
Approved by the board on 1 December 2025

ISL Football Tours Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	Additions				1,351
	At 31 March 2025				1,351

	Depreciation
	Charge for the year				450
	At 31 March 2025				450

	Net book value
	At 31 March 2025				901


4	Debtors		2025		2024
£				£

	Trade debtors		7,142		12,331


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		10,648		10,648
	Taxation and social security costs		11,399		20,249
	Other creditors		600		6,924
			22,647		37,821


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		1,569		11,770


7	Controlling party

	The company is under the control of the directors by virtue of their 100% shareholding in the company.


8	Other information

	ISL Football Tours Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Isl Football Tours 32 The Coppice
	Horndean
	Waterlooville, Hants
	England
	PO8 9PL